Fairvoy Private Wealth LLC Buys 2,038 Shares of NVIDIA Corporation (NASDAQ:NVDA)

Fairvoy Private Wealth LLC grew its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 6.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,384 shares of the computer hardware maker's stock after purchasing an additional 2,038 shares during the quarter. NVIDIA makes up approximately 1.1% of Fairvoy Private Wealth LLC's portfolio, making the stock its 27th biggest position. Fairvoy Private Wealth LLC's holdings in NVIDIA were worth $3,835,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tacita Capital Inc bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the fourth quarter worth about $38,000. Copia Wealth Management purchased a new stake in NVIDIA in the fourth quarter worth about $50,000. Bruce G. Allen Investments LLC boosted its position in NVIDIA by 198.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock valued at $53,000 after acquiring an additional 327 shares in the last quarter. Finally, LSV Asset Management purchased a new position in shares of NVIDIA during the 4th quarter worth approximately $54,000. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other news, Director A Brooke Seawell sold 55,681 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $143.67, for a total transaction of $7,999,689.27. Following the sale, the director directly owned 1,889,037 shares in the company, valued at $271,397,945.79. This trade represents a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, June 9th. The shares were sold at an average price of $142.80, for a total transaction of $142,800,000.00. Following the transaction, the director owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. This trade represents a 3.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,792,267 shares of company stock valued at $544,823,117. Insiders own 4.17% of the company's stock.

NVIDIA Stock Up 0.2%

Shares of NVDA stock opened at $157.99 on Tuesday. The company has a 50 day simple moving average of $132.18 and a two-hundred day simple moving average of $127.06. The stock has a market cap of $3.85 trillion, a P/E ratio of 50.96, a P/E/G ratio of 1.40 and a beta of 2.12. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $158.71. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 105.09% and a net margin of 51.69%. The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The business's quarterly revenue was up 69.2% compared to the same quarter last year. On average, research analysts expect that NVIDIA Corporation will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NVDA shares. Mizuho raised their target price on NVIDIA from $168.00 to $170.00 and gave the company an "outperform" rating in a research note on Thursday, May 29th. Piper Sandler reiterated an "overweight" rating and issued a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Raymond James Financial lifted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Finally, Susquehanna restated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $175.78.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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